‘At the start of the last
decade, in March 2000, the European Union heads of state announced the
Lisbon Strategy. Its aim, by 2010, was to make Europe “the most
competitive and dynamic knowledge-based economy in the world, capable
of sustainable economic growth with more and better jobs and greater
social cohesion.” This would create “the conditions for
full employment and the strengthening of regional cohesion in the
European Union.”
As the second decade of
the 21st century begins, the aspirations set forth in the Portuguese
capital have evaporated. Instead of full employment, Europe is gripped
by mass unemployment; instead of economic growth, there is stagnation;
in place of cohesion, there is discord. Even the common currency, the
foundation of the lofty plans of Lisbon, is in acute danger.’
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